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July 7, 2016

HCA East Florida to invest $650m in healthcare facilities in US

HCA East Florida, a unit of Hospital Corporation of America (HCA), has commenced a major capital investment initiative.

HCA East Florida, a unit of Hospital Corporation of America (HCA), has commenced a major capital investment initiative.

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As part of this initiative, it will invest around $650m in healthcare facilities in Miami Dade, Broward, Palm Beach, and St. Lucie counties. 

This initiative covers construction of new facilities and expansion and improvement of existing healthcare facilities within the East Florida market over the next three years.

HCA East Florida president and CEO Michael G. Joseph said: “We in HCA East Florida continue to commit to investments in quality comprehensive healthcare services for our community.

“We are the largest provider of healthcare in our area. Our patient volumes have grown over the past few years and created capacity constraints in many of our facilities.  These investments will allow us to better serve our communities, respond to the growing demand for healthcare services and provide the highest level patient care experience.”

It will build a new hospital on the campus of Nova Southeastern University (NSU) in Davie, Florida with $219m. Construction of this hospital will commence later this year. HCA East Florida currently operates a free-standing emergency room facility on the NSU campus.

JFK Medical Center in Atlantis/Palm Beach, which is a 472-bed facility, will see an investment of $108m for an addition of a three-story bed tower, expansion of the emergency room, renovations of patient unit.

Westside Regional Medical Center in Plantation, a 224-bed facility, will receive $56m.

Among the other medical facilities which will receive investment include Kendall Regional Medical Center ($90m), Aventura Hospital & Medical Center, ($61m), Northwest Medical Center in Margate ($66m), Mercy Hospital ($26m).

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Free Report
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What is the Global Healthcare and Pharma Market Q2 Outlook?

Given the background of high inflation, re-emerging supply chain issues, and the widespread macro-economic implications of the Ukraine conflict, the global pharmaceutical industry is facing an entirely new set of challenges following the turbulence of the COVID-19 pandemic. GlobalData’s World Markets Healthcare (WMH) service has released its latest Q2 forecast. This report incorporates the latest thinking on the opportunities and risks this new environment presents for pharma companies. However, the pharma sector is proving resilient, and we are projecting 4.4% global growth for the year ahead. Yet it remains that the current economic picture is inverting some baseline assumptions from previous quarterly forecasts and altering which markets we expect the key growth levers to derive from. Download our latest executive summary for a snapshot view of what our clients use to formulate winning strategies.
by GlobalData
Enter your details here to receive your free Report.

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